Nifty Hourly Chart
The Breakout which we have noticed in the previous session has failed and Nifty has slipped below 4940, now trading at 4888. One interesting observation in the chart is RSI, which was oversold when nifty was at 4800 , is indicating a new sell signal and it is at the level of 40. So some more downside can be expected.
Short term traders can sell nifty below 4875 for a target of 4800 in coming days. Keep a strict stop loss above 4910.
Tata Motors
No comments:
Post a Comment